Cisco earnings top estimates, warns more job cuts are coming

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Cisco Systems (CSCO) reported fiscal fourth quarter results that topped Street estimates on both the top and bottom lines. Adjusted earnings of $0.87 per share was better than the expected $0.85. Revenue of $13.64 billion topped the Bloomberg estimate of $13.53 billion.

For the full year, the company sees revenue in a range of $55.0 billion to $56.2 billion, compared to an estimate of $55.67 billion.

Cisco also warned that it expects to cut more jobs in the future.

Market Domination Overtime anchors Julie Hyman and Josh Schafer discuss the tech giant's results.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.

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